If you miss your repayment, we will engage with you to understand your circumstances and agree on a repayment solution.
You will incur a Late Fee of £50 plus 1% of the overdue value of the Purchased Debt in each instance and a new daily discount rate set at 0.12% will be applied to the overdue value of the Purchased Debt for the late invoice. We will also report your late repayment to the credit reference agency, and this may adversely impact your credit profile.